posted
What a bunch of crap the bid is at .0133 and the ask is at .0134 but then they fill someone at .0140. I see this through out the day so much on this stock how is that possible?
-------------------- My post is not a sell, buy or hold recommendation. Posts: 279 | Registered: Nov 2005
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this will probably go down the next couple of weeks, and then come back up back to the level of the gap and ride up to .025
Posts: 1088 | From: Dallas, Texas | Registered: Feb 2006
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that's what they do to ya when you use market orders.
quote:Originally posted by AgentX: What a bunch of crap the bid is at .0133 and the ask is at .0134 but then they fill someone at .0140. I see this through out the day so much on this stock how is that possible?
posted
Yeah I tried to short it once and Scottrade told me they don't allowed shorting on stocks under $4 or something like that. When I saw it hit .02 yesterday I was curious about how hard it was going to come down on that rush. I did not expect it to be this bad and I did expect a bounce back. But when it was mentioned that Berlin closed going down all the way, I kind of figured we would and when it did happen, I even believed that we may not gap up and head north anymore.
So I am out to see where she stops first. Takes a week or two for dust to clear before it's worth buying back in. Now, should news come out anytime between now and then I will probably miss something. But I am betting we don't get our REAL RUN like last November until the program is initiated. And I bet you we got some dillution going on now.
We wont go under a penny again, but it's still worth staying on the sides for now. That's just that many more shares if it goes down even a little bit before I get back in.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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I hear you, I have ameritrade and will have to see if they allow shorting a penny stock. Probablly not that's why everyone gets screwed in pennys because there's only one way to go and thats long and the comnpany takes avantage by dilluting
-------------------- My post is not a sell, buy or hold recommendation. Posts: 279 | Registered: Nov 2005
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I did not post this earlier. But the Berlin exchange was down a little over 25% before the last post I made. It bounced back to down 15%.
Posts: 675 | Registered: Dec 2005
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Well even though I hate to see the price dropping, I feel good because that means I made the right decision, although a little too late compared to what I could have gotten out of it. But it does show that I have learned since the last run, where I sold and rebought just to lose more as it continued to crumble down.
Don't let this drop discourage you. Keep in mind that the company is still doing just fine regardless of where their price goes. For me and anyone who sold or is selling, this is just more profit to be made by not holding. I know I'll be getting back in.
This is what I tried to warn everyone about too. Pennies run on news. This apparently was huge but not long as we expected. Reason why? IMO it's because the roll-out begins in May. When we get news of the first 100 stores being added this thing will shoot off for a few days. But it's still a penny. It's still going to go back down. Long-term investing in pennies doesn't really make you much money if any at all. Trade this baby with the flow, just like in the ocean. You can't get much surfing once the wave is done... maybe a few small ones will push you a little further but you should have bailed out right at the finish and swam back out to catch the next one at full height.
Anyway. Gotta finish my project. Hope it isn't too devastating for the holders. But then again, I'm waiting to buy back in so in a way I hope it goes close to a penny for me to snatch an awesome price. .012 looks like a good baseline today, but considering the major drop already, people will be discouraged and selling, so I expect more like .011 by the end. Don't forget the effects of dilluting too.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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I hate to see you guys go through this....remember like we said many times yesterday..sell into the run do not buy into it. This is very typical of a hype spike....there is no meat to back it up yet (revenue)...let it be a lesson...
-------------------- If all goes well then great, if not, make it work. Posts: 2562 | From: Louisville, KY | Registered: Feb 2005
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ha. I just have to add this. It's gonna go way under .012 no doubt. .01 will be the baseline... with the new A/S... I may find myself buying back in at the same price as before this run. This drop is a lot more serious than expected. No ARCA dilluting us though, I wonder why not.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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quote:Originally posted by George: I hate to see you guys go through this....remember like we said many times yesterday..sell into the run do not buy into it. This is very typical of a hype spike....there is no meat to back it up yet (revenue)...let it be a lesson...
I hear ya. I tried to tell these people the same damn thing yesterday afternoon, and was called a MOROON. This is a POS stock, and is no different than any other penny. If you play, you have to pay!
-------------------- JT Posts: 183 | From: Bham AL (ROLL TIDE) | Registered: Dec 2005
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I too sold out, I mentioned yesterday that I would sell if it broke .0148 so, I had to let it go. Fact is they are going to do their best to fill the gap it looks like. I think a good buy in point is .011 b/c its and old resistance point and I highly doubt it will go under a penny again, unless ggi and gzfx are dumping tons of shares. I think the main thing to watch is the rsi right now. I think they will bring it back to 50 before it goes back up. GLTA I hope for you guys it goes up but obviously for me I want it down.
Posts: 671 | Registered: Nov 2005
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If you take what Berlin is doing. It went down to as low as 25%. That would equal out to about .011 here.
Posts: 675 | Registered: Dec 2005
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Pretty soooon RSHN will have a higher PPS. Nothing against you guys....GZFX shareholders but GZFX management doesn't care about the shareholders one bit. Look back when this company had 1.2 billion O/S. Insiders got 500 million shares as a incentive(increased the float almost 50%), then they gaged the TA and dumped 2 billion + shares. They told us that they had enough money for the next year but now they increased the A/S to 25 billion. What did they do this for??? I guess when you pay big money for wallst.net, put money into some golf thing, increase management pay buy 50%, waste, waste, waste. Good luck guys and I'm out of this one until something changes with management at GZFX.
Posts: 181 | From: lodi, ca | Registered: Dec 2003
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imakmony2005
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what the gone for ten min and this?????
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I'm not happy with GZFX at all, keep losing money. I think i'm done with GZFX for good!
Posts: 1128 | From: Houston, TX | Registered: Feb 2006
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I don't think their management is the problem necessarily, but they are over paid for what they do, hell Fleming makes more than the CEO of COSTCO.
The problem is operating capital, they have none. The only way they can fund this massive project is through dilution. They simply have no choose.
-------------------- JT Posts: 183 | From: Bham AL (ROLL TIDE) | Registered: Dec 2005
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Im so sick of ppl bitching about gzfx management! They are doing a fine job its not their fault that all of us are so uneasy about this stock. The problem is months ago we let the mm's take this stock over. Now they have the power and are able to cause to much emotion in this stock. The management is GREAT, did you forget that they actually finalized a deal w/CC. What more do u want from them ****!
Posts: 671 | Registered: Nov 2005
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imakmony2005
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LL2s are jumping around so fast this could just shoot right back up .02. imo
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Just wait till all this selling stops. This stock will hit the low and then start a good climb up for a month or so and break all the previous highs. Right now its getting rid of all the ppl looking for a quick buck (I was one of them but I will buy it when it hits bottom) because once it does look out!
Posts: 671 | Registered: Nov 2005
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Mysticobea96: I hope you and some others have learned something about the foreign markets. Do not ever doubt. That if a stock is getting hammered over in the foreign markets. You can bet it will get hammered here. If you want to make good steady money. You must watch all the goings on in the world. I'll give you an example of something I do that took a lot of watching and learning. When you trade in the treasury bills. There is a pattern to them increasing there value. It use to be every 8 days that your share value would rise. It is now every 6 days. So now on every 6th day I put all my stock money, except penny money, into the T bills. Get my increase in share price and that night I put all my money back into the major markets.
I still see a nice upside to this stock. It may take time. But I have all the time in the world.
Ask back to .024/5.
Posts: 675 | Registered: Dec 2005
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Wow thanks for the info tworm. Just out of curiousity on the tbills how much profit are you pulling over that day?
Posts: 671 | Registered: Nov 2005
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quote:Originally posted by jat35: I don't think their management is the problem necessarily, but they are over paid for what they do, hell Fleming makes more than the CEO of COSTCO.
The problem is operating capital, they have none. The only way they can fund this massive project is through dilution. They simply have no choose.
What massive project??? Then can not keep the new customers they get. 4 billion shares for what?? less than 10,000 customers!!! thats like 400,000 shares per customer with more to come. Tell me the logic behind giving insiders 500 million shares when only 1.2 billion were outstanding. They don't care about the shareholder and that is a fact.
Posts: 181 | From: lodi, ca | Registered: Dec 2003
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I guess I don't understand what all the negativity is all about...this is just starting to get interesting. I warned people here NOT to buy on the ridiculous gap that the mm's pulled yesterday... It's starting to look like a good time to get in to me....
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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